NEOGEN CHEMICALS LTD. RAISED RS 600 CR FUNDS FROM QIB @ ₹DATA/SHARE

• QIP proceeds of ₹600 crore enhancing net worth and capital structure. • Proceeds expected towards debt reduction and working capital requirements, lowering reliance on external borrowings. • Rating revision reflects significant improvement in financial risk profile, stabilization of operations post fire incident and commissioning of key CAPEX projects. • Neogen Ionics Limited bank facilities assigned CRISIL BBB+/Stable.

Neogen Chemicals Ltd

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